Hi, I have accounts in both SBI and HDFC bank. While choosing a bank among these for a personal loan, I was quite confused. Thus, I asked my brother about it as he was aware of them. My brother told me that there are a few differences between the two when it comes to SBI vs HDFC personal loan.
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HDFC vs SBI Personal Loan: Which To Choose?
He mainly told me about the interest rates, maximum loan amount, processing charges, duration, etc.
| Factors | HDFC | SBI |
| Interest Rate | 11% onwards |
10.90%-15.50% |
| Duration | Up to Rs. 40 Lakhs |
Up to Rs. 20 Lakhs |
| Loan Amount | Up to Rs. 4,999 |
NIL |
| Processing Fees (Years) | 6 |
6 |
| Minimum Salary (Rs.) | 25,000 |
15,000 |
He also told me when it comes to SBI personal loan vs HDFC personal loan, the required documents are different. Here are the documents mentioned by him.
Documents Required for Personal Loan SBI vs HDFC
HDFCVoter card,
Driving License,
Passport,
Aadhar card,
Current salary slip
Last six months’ updated passbook.
Last three months' bank statement.
Identity proof
Passport size photograph (2)
Address proof
Salary slips
Recent bank account statement.
Following that, I chose the HDFC personal loan because the amount I needed was much more than what was being offered by SBI. I hope this information about SBI vs HDFC personal loan has been of help to you.
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SBI vs HDFC Personal Loan Which is Better?
subhas
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1 Year
2024-02-16T08:55:49+00:00 2024-02-17T22:51:23+00:00Comment
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